The total importing value for the year 2005 was $1,348,098,000. The top 5 importing countries were: Canada, $403,514,000 (29.93%); Italy, $208,240,000 (15.45%); United Kingdom, $146,005,000 (10.83%); Taiwan, $144,138,000 (10.69%); and Mexico, $87,992,000 (6.53%). Their combined total represents approximately 73% of import from all countries.
The total exporting value for the year 2005 was $1,639,605,000. The top 5 exporting countries were: Canada, $491,495,000 (29.98%); Australia, $142,066,000 (8.66%); Italy, $99,833,000 (6.09%); Mexico, $99,140,000 (6.05%); and United Kingdom, $72,009,000 (4.39%). Their combined total represents approximately 55% of export to all countries.
Adding the import and subtracting the export, the total U.S. consumption value of this industry for the year was $11,078,000,000.
The U.S. manufacturing sector is expected to hit the monumental 5 trillion dollars net sales in 2006. U.S. economists have projected another 5% to 7% growth in the year 2007.